Netflix is set to spend approximately $18 billion on content in 2025, but Chief Financial Officer Spencer Neumann signaled that there is plenty of room to revise that number up in the years ahead.
“We look at it every quarter, every year and iterate,” the Netflix executive told an investor conference hosted by Morgan Stanley on Wednesday. “We are not anywhere near a ceiling.”
When asked about how the streamer comes up with its spending forecasts, Neumann said its “a little art in science” that starts with the predictability of its revenue, which they have a “pretty good sense of.”